There are a number of prizes, including $5000 for first place and the chance to win a $15,000, three-month-long development program in Singapore for second place, which is being provided by a number of sponsors, including Optus, JFDI Asia, SingTel Innov8 and HTC.

Organiser Tyson Lundbech said that changes have been made in response to some key learnings, particularly around mentoring and organisation.

"We were able to leverage success of previous events to attain corporate support from Optus backing entrepreneurs, as well as attracting international incubators to help drive projects into real accountable businesses," Lundbech said. "Having an idea, to product, to incubation and investment from one weekend is kind of incredible."

"Stu and Darcy totally understand what we are trying to do, and support us all the way. They are awesome. It also gives vision to entrepreneur participants, as previous attendees are now full-time start-ups in there," he said.

"Being close to the real community always has its pay-offs, as well."

Lundbech said that the event will create global opportunities for budding entrepreneurs.

Mahesh Sharma earned his pen licence in his homeland, where he covered the technology industry for ZDNet, SMH, Sky Business News, and The Australian--first as an FTE, and later as a freelancer. The latter fueled his passion for startups and empowered a unique perspective on entrepreneurs' passion to solve problems using technology. Armed...
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